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CBS
Nov 24, 2012 6:00pm PST
japan. captioning sponsored by cbs this is the "cbs evening news." >> good evening, the i am chip reid, one day after the holiday season kickoff the nation's merchants have reason for joy, by one estimate the number of black friday shoppers was up 20 percent over the same day last year. the question now is whether shoppers can maintain the pace. terrell brown is watching the shoppers and their treasures in new york tonight. >> it is shaping up to be a record-setting opening to this holiday shopping season. one retailer at wal-mart the neigh nation's biggest said it sold nearly 5,000 items a second on thanksgiving night, as stores opened their doors this year earlier than ever. >> the pumpkin pie was barely eaten thursday night when retailers opened their doors, some as early as 8:00 and 9:00 p.m., to jump-start the holiday shopping season. >> shopping! >> people showed up a clear majority of the nation's shoppers came into the stores between thursday night and friday morning. according to an overnight survey from a research group. >> this party was by far the biggest ever and have neve
FOX Business
Nov 27, 2012 7:00pm EST
's representative in the negotiation, and harry reid is telling a far different stories. john boehner and his caucus, the target, again, of senator reid's blame game. the senate majority leader insistent that republicans are the only onee in the way of the deal. reid asked point blank what the first thing would be, and he offered this curious answer. >> well, remember, we've already done more than a billion dollars worth of cuts. we've already done that. we need to get some credit for that and the negotiations that take place. lou: meanwhile, according to the white house, everything is not on the table, the table that a president is not scheduled to be seated at. carney confirmed that president obama will not find any extension of the bush tax cuts for the top 2% of the earners in the nation, and a look at the president's schedule for the remainder of this week shows nothing in the way of negotiations on it. the president reverting back to campaign mode as the white house decided to lobby for public support of his fiscal cliff policy positions rather than negotiate a compromise. president obama beli
CSPAN
Nov 26, 2012 11:00pm EST
leaders harry reid and mitch mcconnell on a possible change to set rules regarding the filibuster. forty-five minutes chief justice john roberts and the supreme court and constitutional law. after that, part of our coverage of the halifax international security forum, including a look at the u.s. role in global politics and the situation in syria. several live events tell you about tomorrow morning. former florida governor jeb bush will be speaking at the foundation for excellence in education. you can once that event here on c-span2 at 845 eastern. just after that at 9:00 a.m. eastern on c-span three the foreign policy initiative begins a daylong symposium on foreign policy. such a look at congress, national security was arizona senator john kyl. then on c-span, a forum on energy policy hosted by the bipartisan policy center. former senators and byron dorgan. that is at 10:00 a.m. eastern. >> on 16 of 17 bases in the united states we have military-run schools. the average cost to educate a child in that school per year is $50,000. almost four times what the rest of public education cost
CNN
Nov 27, 2012 4:00pm PST
of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class am
FOX News
Nov 28, 2012 10:00am PST
's democratic party. what you here from barack obama, harry reid, nancy pelosi, dick durban is not lowering all tax rates to get economic growth. you have a modern democratic party that is so far to the left that they believe in sunday amount alley anti-american concepts of radical wealth redistribution in order to equalize everyone. that is not what america is all b. the leading party that is leading the country in terms of the white house and congress really believes that by force, i don't mean by military force like the old school communist and social lists did, but by force of the tax code and redistribution of policies like obamacare they intend to force that on the american people. megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton
CSPAN
Nov 27, 2012 9:00am EST
and majority leader reid will be recognized to speak and will likely outlined the schedule for the day which could include debate on defense programs and policy, and possibly legislation to do with equal rights, people with disabilities. centers will us from 12:30-2:15 eastern for weeks the party meetings. live coverage of the senate and members gavel in right here on c-span2. right now some debate from the floor of the senate yesterday between majority leader reid and republican leader mitch mcconnell. d, w they talkede about potentialit't changes to filibuster rules. here's some of what they had to say. >> i'd like to turn to anotheras issue that doesn't grab as manyt utadlines as these others we'veb been focus on the last few days o the mortal threat that has been quietly gathering against one of the most cherished safeguards of our government. i'm referring to the latest effort by some on the other side, most of whom have never served a day in the minority, to force a change in senate rules at the beginning of the new year that would fundamentally change the character of the senate. this
FOX News
Nov 26, 2012 1:00pm PST
's negotiatorring position is nothing but tax increases and harry reid would some of the senators may want to focus their attention on has announced there is no entitlement reform, so to argue that the taxpayers should take the brunt of this battle and they should not defend taxpayers but the spending interests in washington, strikes me as odd. the effort by some to get entitlement reform, the democrats have said heck no and harry reid has said it ain't happening, and they ought to look at that, rather than trying to raise taxes to pay for obama's bigger government. >>neil: do you hear it is spreading? we have chatted about this before. you were open when we chatted in washington, to talk about the cliff cliff, to not equateing bringing in causes or tax loopholes and the like and closing them off, your point was as long as it leads eventually to revamping of the tax code, but this goes beyond that, they have no quid pro quo and they are offering this, you argue, what? >>guest: well, there are two ways you can damage the economy. one is to increase marginal tax rates, everyone knows the small busine
MSNBC
Nov 26, 2012 9:00pm PST
. harry reid, the democratic majority leader, wants to make some changes. debate has to start before a filibuster can begin. he might require any senator wishing to filibuster to stand up there and talk to which republicans are saying if you do that, we the minority are going to burn the place down. senator tom coburn of oklahoma saying, "i think the backlash will be severe. if you take away minority rights because that's what you're doing, you'll destroy this place. if you destroy the place, we'll do what we have to fight back." john cornyn says if democrats change the rules, it will shut down the senate, it's such an abuse of power. you might ask how their threats of a shutdown differ materially from the shutdown senate now when the minority will not allow a majority vote on anything giving them the power to control the senate. we called the two senators and asked specifically what they propose to do if they manage to tweak the filibuster. senator cornyn's office got back to us, but not with an answer. senator coburn did not respond, but he did give politico.com a hint of what he m
CSPAN
Nov 26, 2012 12:00pm EST
as leader reid and leader durbin mentioned, had a lot of things we didn't like. it had some things we liked, particularly making sure that no benefits in medicare, social security and medicaid were cut. but it's now time for congress to get back to our regularly-scheduled programming, and that means jobs. while washington has been consumed with averting a default, our nation's unemployment problem has been worsening. it's time for jobs to be moved back to the front burn wither. with this debt reduction package completed, the decks are now cleared for a single-minded focus on jobs in september. by removing the threat of default for the next 18 months and by proving that both parties can come together to get our deficits under control, we have provided certainly to the credit markets. the debt limit agreement largely resolves the budgets for the next two years, so the wrangling over spending should be greatly reduced in coming months. we now have the chance to pivot away from budget battles to jobs. we can reset the debate, and that's what we intend to do. the jobs issue won't have to play se
FOX Business
Nov 28, 2012 7:00pm EST
on the table, but senate majority leader harry reid did embrace republicans who have turned against one of the party's most influential forces. >> one obstacle standing beyond congress and compromise, grover norquist. bullying lawmakers willing to put their oath of office and promised to serve constituents ahead of the pledge to lead this antitax sell it. his brand of ideological extremism has been bad for congress and work for -- worse for the country. distancing themselves this week. i appreciate that very much. lou: with the majority leader's things we turn now to the man at the center of mr. reed's spewing of vitriol, of variable stream. we are joined by grover norquist , president of americans for tax reform. i have to ask you. how does it feel to be a bully of lawmakers? i like this part especially, anti-tax sell at. the logical extremists. to find yourself is really being pointed that as the problem, not part of the solution here suddenly. how do you feel that? >> well, look. harry reid had a plan. he and obama and nancy pelosi were going to spend a great deal of money, and then
FOX News
Nov 27, 2012 2:00pm PST
, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust in the the entitlement program. there will be a tax increase on the wealthier americans of some size. i cannot believe that obama is going to travel around the country to make us think about this. if he doesn't think he will get them to go along with some marginal increase rates. >> dana: good point. let's
FOX News
Nov 28, 2012 4:00pm PST
is out of the hospital tonight. the senator checketd himself into walter reid yesterday for what she called a routine procedure. no word on that what that was. he is 89 now. he won the republic nomination in '96 but lost to president clinton. i'm shepard smith. this is the fox report. it's the bottom of the hour, time for the top of the news. and you know that one friend who just won't let you get a word in edge wise, the u.s. senate has a friend like that. his name is filibuster. it's really a technique that lawmakers use to hold the legislation that they don't like. a senator or group of senators refuses to get off the floor and that group can kill the bill that way. now, the senate majority leader harry reid is threatening to push for a change to the filibuster rules that would give minority members less power. but the minority leader mitch mcconnell says that would be the equivalent of blowing up the senate. doug mckelway with the news live on capitol hill for us tonight. doug, they call it the nuclear option. >> yeah, they call it the nuclear option because the party that exerci
FOX Business
Nov 27, 2012 3:00pm EST
in the ointment, deal negotiations have stalled. senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox business exclusive. delaware governor has some ideas. you have to hear what he has to say. the nasdaq, trying to tune out all the noise. if the nasdaq can turn it around and post positive gains here by the close, it will be the seventh straight day of gains, the longest winning streak in 16 months, seven days in a row, and yes, i know, positive gains is redundant. just seeing if you're paying attention. you know what? somebody is always making money. don't ever let the markets fool you. if something is down, somebody else is making money on the other side. let's find out from our traders at the new york stock exchange, cme group and the nymex for our fl
MSNBC
Nov 27, 2012 8:00am PST
of taking the economy off the fiscal cliff is harry reid, president obama, he says he wants to compromise. he says there's only two options here, take the economy off the fiscal cliff or do it my way. that doesn't sound like something he's willing to negotiate in good faith. so, listen, republicans want to restore confidence and certainty to this economy. i don't think want to play brinkmanship, the way to do this is through pro-growth tax reform. i'll quote the numbers again. you'll get ten times the amount of revenue by growing the economy, $750 billion versus the measly $68 billion that the president's proposing by punishing success. i think that would work far better. >> and you're saying revenue because by taxing the wealthiest americans, it cuts off what has been referred to as job creators from actually getting americans to work so we have more americans working that are then paying into the tax system. >> thomas, i'm one of those job creators, those small business people. i could have explained to him what's on the minds of job creators, the people that make those investment decis
CSPAN
Nov 28, 2012 9:00am EST
. majority ritter harry reid hopes the senate to work, 2013 defense program. off of the 4 u.s. ambassador susan rice meet with republican senators discussing the september attack on the consulate in benghazi, libya and she will talk with susan collins and senator bob corker. yesterday she sat down with senator mccain, gramm and ayat. senator mccain told reporters the information she gave the american people was incorrect, but a spontaneous demonstration triggered by hateful video. it was not and there was compelling evidence that the time that was certainly not the case. the house transportation and infrastructure committee is holding at hearing on amtrak's restructuring plans. the committee will hear from the inspector general and amtrak's president and representative from the united transportation union live at 10:00 eastern on our companion network c-span. [applause] >> last night secretary of state condoleezza rice and chancellor of the new york city public schools joel kline had a somewhat on education reform in washington examining america's education system and the impact on nation
FOX News
Nov 27, 2012 4:00pm PST
. >> also late tonight, harry reid said the three republicans are politicizing the benghazi matter, calling it, quote, outrageous. >> shepard: catherine herridge in washington. the white house and congress have five weeks to keep us from going over the fiscal cliff at the end of the year. that would mean automatic tax hikes and spending cuts at the same time and an economists say it could cause another resomething. the president met with congressional leaders from both parties, but harry reid says there has not been much progress since then. mike emmanuel is on capitol hill. republicans are asking for changes to social security and medicare. any common ground? >> shep, in public, it does not sound like it. top republican leaders say if you want to avoid the fiscal cliff, you need to address the drivers of our debt. >> we know that the only way we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has from time to time indicated an openness to that. now is the time to actually do it. >> 42 business
MSNBC
Nov 27, 2012 7:00am PST
is not part of this problem. so it should not be part of the discussion. harry reid, in fact, has been extremely firm on that. he said i will not be part of discussions that include social security as part of this bargain. so if they stick to that, then they won't be. >> yeah, there's so many moving pieces. susan, today, the president's going to meet with small business owners. friday he's going to montgomery, pennsylvania, to visit a small business that will be impacted. very campaign like stuff. what's he trying to do here? >> yeah, who is he not meeting with this week? that would be congressional -- that would be members of congress, especially those house republicans would be the critical partners on this. so he's trying to take a very different approach than he took in the first term and the early go rounds on this. and that is to build some public support tap on the good feeling from his re-election to give -- as ryan pointed out. there's some democrats including powerful ones like harry reid that say medicare and medicaid have to be off the table. those democrats do not include
MSNBC
Nov 27, 2012 2:00pm PST
connell say i have object. harry reid says we move on to the next thing and that's the end of it. >> that's the way they do it. they double track it. what do you think is going to be the way the senate decides this? will it be partisan whether they decide to go to a real filibuster, you go to the mattresses, you stay up all night and force quorum calls over and over again? what do you think is going to be the politics of this? >> the politics right now is mitch mcconnell is opposing any change in the rules because he has the advantage of paralyzing the senate with no public accountability. the talking filibuster forces his process to be done before the american people, and i think he realizes the american people are not going to like what they say. and yet that's where it should be. if you don't have the courage of your convictions to stand before the american people and say i am obstructing this bill and here is why, then, in fact, you should shut up, sit down, and let the vote go forward, and there's no silver bullet here, but creating this public visibility so there's time and effort p
FOX Business
Nov 27, 2012 11:00pm EST
ths to feed the bean address the beast. the argument you hear from many democrats even harry reid today, ying that elections have consequences, and this one americans voted for this. yoyou can. i don't know they voted on more spending. >> there is some truth to what you say. >> a lot. >> all truth. neil: a little. >> we're in the pregehmannal sis, thi -- we in the pregame analysis, does everyone believe we're getting threw this without any spending cuts, of course, not, here is what is going on happen decemr 31 we take steps to resolve some tax issues, it will have a lot to did with how we approach taxes next year, you will seeesome discussion, on cutting some spending but is that going to be carried over? neil: here is what i'm worried about. my point is -- >> you and i will remember this you were not even born. >> 92 neier was i then. neil: you are right. >> he was responsible. neil: idea was, i will raise taxes if you guise come back with spending cuts, he raised taxes, they did notome back with spending cuts. are republicans risking going down the same politically disastrous r
CBS
Nov 25, 2012 6:00pm PST
so many others in congress will not, compromise. chip reid caught up with king on the streets of maine. >> if somebody comes to you and says i'm not going to compromise, what they're really saying is i have 100 percent of the truth. i'm 100% right. >> reporter: angus king says he's 100% certain of only one thing. that neither the democrats nor the republicans are always right. that is why when he takes his seat in january as the new senator from maine he will be doing it as an independent. >> the people are absolutely fed up with this nonsense. they have had it with washington not being able to get anything done. if you get people in a room, if you share a common understanding of the facts you can generally find common ground. and that's exactly the role that i hope i can play. >> reporter: he served two terms as governor of maine where he says he learned the value of being an independent. >> i don't have to check with anybody about what my positions are. i can call them as i see them. and that's what i did for eight years as governor there was one glorious six-week period whe
CSPAN
Nov 27, 2012 12:00pm EST
and senator reid over the weekend. he will meet with them at the appropriate time as well as obviously nancy pelosi and mitch mcconnell. so, the process that he began is continuing. we continue to be optimistic that a balanced approach is achievable. we know what the solutions are. i think what was said in an op-ed, one benefit of all the debates we've had, negotiations and discussions over the past couple of years on this issue is we know what the parameters of a balanced solution to these challenges looks like. they include both spending cuts and revenues, and entitlement reforms. they have to have all three legs to be a part of it. >> host: jay carney yesterday at the white house when he was asked about this idea of going off the fiscal cliff. he has had at his press briefing yesterday thousand, the chairman of president obama's council of economic advisers. to talk about what would happen if we go off the so-called fiscal cliff, and in this report put out by the white house, american consumers will spend 200 billion less in 2013 if the fiscal cliff is not a bird according to this white h
CSPAN
Nov 26, 2012 8:00pm EST
to raise the debt ceiling. first, senate majority leader harry reid and republican majority leader mitch mcconnell will talk on the senate floor about the january fiscal deadline. >> since our country voted to return president obama to the white house, i have spoken often about compromise. i remain optimistic that, when it comes to our economy, when it comes to protecting middle-class families from a whopping tax hike, republicans and democrats will be able to find common ground. president dwight eisenhower, a republican, once said, "people talk about the middle of the road as though it were unacceptable. there have to be compromises. the middle of the road is all usable space." so said white house and higher. -- dwight eisenhower. too often, we face off, not realizing that the solution rests somewhere in the middle. i remind everyone of one fact. this congress is one vote away from avoiding a fiscal cliff for middle-class families and small businesses. we can solve the greatest economic emergency facing the nation today if only the house would consent the senate-passed bill freezing --
FOX Business
Nov 28, 2012 11:00am EST
be reached. this comes on the heels of yesterday when you had harry reid expressing caution about the fact things ar were nt going that well. we are seeing the market to the downside, they have improved and you can see it spiked up. alaska mitra said to them. dagen: speaking of house speaker john boehner, he said he is optimistic. >> i'm optimistic we can work together to avert this crisis sooner than later. connell: we also want to show you this, this is skepticism from who you would think would be a major player in the deficit talks. >> i am really worried we have a probability we could go over the cliff, and that would be catastrophic. not to go over the cliff, we have to compromise, have to have revenue. the problems are real, the solutions are painful, no easy way out. the only way you can do this ifs to have a balanced approach and that is where people are headed. connell: matt welch is here. what do you make of all this, matt? >> there is nobody at the table actually interested in cutting the size of the government. that seems strange to democrats who think we're living in some sort
MSNBC
Nov 20, 2012 7:00pm PST
, and he wins big, they are not going to be mad of the him for long. joining me now is msnbc's joy reid. how are you? >> i'm doing well. >> so much as i think they will one day come to forgive chris christie, watch how his recent visit to "saturday night live" played with eric bowles. >> let's look at the republican acting like a democrat governor chris christie slobbering a wet kiss on president obama's cheek with days until the election. then this curious appearance on "saturday night live" while jersey still suffers from power outages and massive job losses. >> slobbering wet kiss. do you think i'm underestimating this? >> i think it will take longer to heal. your theory is sound as far as getting relelkted in new jersey. he did the right thing when it comes to remaining governor of new jersey. but i think that the idea that he can be forgiven enough by the base to run for president in 2016 presumes that republicans are going to basically do a punch the base strategy. because look, the part of the party that's about winning elections, the sort of wing that's the political wing, defin
Current
Nov 26, 2012 9:00pm PST
. mitch mccondition necessarily is going to have to be onboard. is this a perry blow with the harry reid? >> the democratics, if they change the rules, can do it with 51 votes, so he doesn't have to be onboard but look, they're not talking about stripping the minority of the right to filibuster. they're talking about instead of saying oh, i'm going to filibuster and everything comes to a stand still that you actually have a and up and filibuster, that people would have to take the floor and read the phone book. i don't see anything wrong with that. there are a couple of proposals out there nothing that significantly reduces the power of the filibuster, harry reid read has experienced 385 filibusters during his time at senate leader. lyndon johnson faced one filibuster. it is overused and abused, and so i think mcconnell better get over it. >> it seems like he's going to have to. it seems he's almost resigned to be in the minority for a very, very long time. that's the behavior and demeanor of someone who is going to be in the minority. we almost got through the fill buster without mentio
CSPAN
Nov 27, 2012 5:00pm EST
working on the defense authorization bill. harry reid has been talking about the brugget cuts and tax increases and here he is speaking to reporters just after the caucus lunch. it's about 10 minutes. >> we are -- we had a meeting with the four leaders up here at the white house, it went very well. the problem was that was before thanksgiving. and since that time, there has been little progress with the republic carns, which is a indictment -- republicans, which is a disappointment to me. we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. and one month taxes are set to rise for all americans. we passed in the -- we passed in the senate a piece of legislation to protect people making less than $250,000 a year. we have rejected on a bipartisan basis the republicans' efforts to extend the tax cuts for everybody. those are the two majors we have dealt with on the senate floor. if we fail to reach an agreement, the average middle-class family will see their taxes go up by 2,200 a year. as i have indicated,
FOX Business
Nov 27, 2012 1:00pm EST
about the comments made by harry reid with the cautionary tone with the fiscal cliff and you have to push back to washington and decisions need to be made fast. so with the intraday chart we hasselhoff again but the dow was down 68 points the s&p is down 1/3 of 1%. it was in a green but now when the red like hewlett-packard, american express way on the dow. tracy: chevron, i am. we will see when 15 minutes span of three weeks since the bombing was elected a yet there seems to be little progress to hammer out the agreement between the president and congressional leaders to avoid the looming fiscal cliff. spending cuts and tax hikes kicking and and analysts say it could kick is back into a recession. gerri willis is here to get it straight. >> i wish i could. >> is a mind-boggling we had made no progress? >> what has happened? absolute nothing now the president will go to the street he thinks the election is still on? i know understand going to pennsylvania but today he meets with middle-class americans. i would like to see all of the elite people to sit down until you get something
FOX Business
Nov 28, 2012 1:00pm EST
time now. >> hb 800 companies and groups sent a letter to senators harry reid, mitch mcconnell and others to say that they want repeal of the medical device tax as part of the fiscal cliff deal, this is a tax not on profits, on sales, on revenue. even if you post losses you still have to pay the tax. here's what the letter writers are warning about. if it passes, it will adversely impact patient care can increase cost of health care and adversely impact jobs. it's a 43,000 jobs could be lumped medical device makers. pacemakers, stopping brain aneurysms including prosthetics for soldiers returning from overseas and the issue is why you're hitting us with an excise tax on sales? they did a study which found when you do the math it is actually 80% in federal, state and local including the excise tax. lori: why would they go throughr the medical device makers? the tanning bed tax, the kind of understand. >> here is the rationale. the house want repeal it, but has stalled in the senate. the logic is they have to have health insurance, required to have health insurance, the lo
CNBC
Nov 26, 2012 7:00pm EST
everywhere that senator harry reid wants to severely curtail and restrain the my in the's power to flu filibuster. what can you tell us about that? >> i would just tell you the senate -- when i got here the senate worked very well. everybody could offer amendments. they were respectful of the amendments they offered. they knew if they took advantage of it, there would be consequences in terms of people not voting for their amendments. we've lost quality leadership in the senate, and harry reid's answer to that is change the rules, and if he changes the rules, he will have totally defeated our founder's purpose of creating a senate where minority rights are protected, and -- and what that will do is that will create two houses of congress rather than a house and a senate, and it just says majority rules with an iron fist. >> so you're going to fight it. >> well, i would tell you, my hope would be that if he carries out his threat, the senate will be shut down until he restores the rights of the minority because that's what our founders did. the reason they did a bicameral legislature an
CNBC
Nov 28, 2012 3:00pm EST
don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've been correlating. stocks go up, rates go up. stocks go down, rates go down. we're trading on pr. if the premise of this exchange is should we trade on headlines, if you're a day trader who understands once you make a trade and the air is gone out of the person you trade it with, that's the only realism that is there. pr doesn't move markets more than the short term. most of the people i talk to on the automated side say these are rhythmic traders with algorithms. >> do you have a theory on why gold is down today? >> my theory is simpl
FOX Business
Nov 28, 2012 9:20am EST
and spending cuts and away from taxes and no movement in harry reid's association, he says that democrats have cut enough. >> well, remember we've already done more than a billion dollars worth of cuts, we've already done that. so we need credit for that and those negotiations that take place, and however, here is a cave caveat, senator dick durbin is taking a hard line approach. quote, we can't be so naive to believe that just taxing the rich will solve our problems and put everything on the table, repeat. everything on the table. and that's the left of center dick durbin. yesterday, t was taxes, today, there's entitlements, tte impasse continues as we countdown to that deadline. next case, china, clearly the number one world's polluter and criticizes us for not doing enough about climate change, a global carbon tax could be coming, are we going to have to pay? we'll talk to a leading environmentalist after the break and of course, we will have the opening belfour you next. bell for you next. >> all right, just a few seconds away from the opening bell. the futures suggest we're going be to
FOX News
Nov 26, 2012 4:00pm PST
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
MSNBC
Nov 27, 2012 9:00am PST
reid and speaker john boehner by phone on saturday when you see him this week he will be getting by with a little help from his friends ordinary unelected americans. joining us professor of economics at the university of michigan justin wool fers. great to see you. before i ask for your economic analysis i want to pose one question to my colleagues in new york, that is really about the optics of the president going straight forward and straight to the kisser as it were on the bush tax cuts, not really even talking about the fiscal cliff or the debt limit which looms in february or march. >> as we know there is no real fiscal cliff. it's more of a curve or a mole hill. it's serious and real but not going over the cliff. if there is something of a cliff-like situation, it's playing to the president's advantage. december 31st what he doesn't want, the bush tax cuts for the rich, will be gone. they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not
CNN
Nov 26, 2012 6:00am PST
-panthers, philadelphia. >> how about that monday-nighter? >> i know. i just continue to worry about andy reid because he looks so pathetic. >> yeah, it's been a very rough year for the eagles and their head coach andy reid. a lot of folks are calling for his head. this team lost six in a row, the most since before he took over. but while a lot of people want him fired right now, i think you have to look at the body of work, carol, for him. six division titles, he won an nfc championship game, winningest coach ever in philadelphia. and i think a little respect, too, for reid as a person who lost his son earlier in the season. you could make a change with this eagles' team, a lot of injuries, including michael vick. but a lot of people also believe that an interim coach in the middle of a year doesn't always translate into immediately turning things around. so i believe, like a lot of people, that reid will be gone, but it won't happen probably until the end of the year. >> vince chelani from bleacher report, thank you so much. >> don't forget, go to bleacherreport.com. carol, good to see you. >> i'm goin
MSNBC
Nov 27, 2012 2:00am PST
connell is angry about reid's plan to end filibusters on so-called motions to proceed done before any final debate. >> shutting off our right to express the views of our constituents as is being proposed would effectively shut these people out of the process. he will break the rules of the senate in order to change the rules of the senate. >> americans believe congress is broken. once again, the only ones who disagree with mitch mcconnell and republicans in congress. >>> another senator, dianne feinstein of california, set an election-day record after receiving the most votes ever for a u.s. senator. nearly 7.3 million. >>> well, will rick santorum run again in 2016? he tells "the weekly standard" he's, quote, open to it. >>> former president jimmy carter now 88 years old is back in haiti to help rebuild 100 new homes after the devastating earthquake there. it is his second trip there in the past year. >>> and finally, "politico" reports jill kelley, the supporting character in the petraeus scandal, has been stripped of her title as an honorary consul for south korea. she was using the title for p
MSNBC
Nov 27, 2012 2:30am PST
. they fall to 3-8 on the year. and after his team's seventh straight loss, coach andy reid said after the game, he's not spoken to the eagles' ownership about the future with the team. and you know what, mika? he might as well not. i don't think he's going to be back in philadelphia next year. >> more news from the nfl, lions' defensive tackle ndamukong suh won't be suspended for kicking texans' quarterback matt schaub in the groin during the lions' loss to the texans on thanksgiving day. >> you can tell, he hits the ground, it's just a twitch. >> who does that? oops. following an official review of the incident, the league rules that suh's actions didn't warrant suspension, but they're still considering whether to fine him. schaub told a houston radio station yesterday that he would never want to be suh's teammate saying quote, you don't want a player like that. the stuff he hands for and the type of player he is, that's not houston texan worthy. suh has been fined four times and suspended two games. >>> a big showdown in the tri-state area. the new york knicks traveled across the ea
PBS
Nov 27, 2012 4:30pm PST
senate majority leader harry reid said lawmakers are making little progress in resolving the stand-off over tax increases and spending cuts. the dow fell 89 points, the nasdaq lost nine, the s&p 500 down seven. >> tom: as susie mentioned, talks to resolve the fiscal cliff are moving slowly. one reason is that there is deep disagreement over whether entitlement programs like social security and medicare should be on the table right now or not, and the disagreement is sharpest over social security. darren gersh takes a look at why. >> reporter: the number-two man in the senate democratic leadership argues any fix for social security's finances should come after the immediate challenge is out of the way. >> i think we should take social security off the table for the current fiscal cliff and deficit discussion, but be very honest about what we're going to achieve in the near term. >> reporter: republicans pushed back, arguing social security is part of the deficit problem because it is no longer taking in enough in taxes to cover the benefits it pays out. social security makes up the
CNBC
Nov 27, 2012 11:00pm EST
a compromise. in this issue i have to admit that i grow less confident by the day. we have heard harry reid say there has been less progress in the talks. it looked to be a benign session. we have been reading how the republicans were open to a deal that includes revenue increases. we aren't reading about how the tea party go against taxes when leadership agrees to it. i'm sure they don't record the presidential election as a referendum to anything. referendum to anything. they vote for the betrayal of their own beliefs. because the tax increases would amount to a de facto destruction of their word not to raise taxes. in other words, let's say you are a hard line democrat. you get higher taxes for the rich. the hard line democrats don't care about the stock market. they probably think that the republicans own stocks anyway. many of the hard liners want a smaller defense budget. here is the bottom line. the combination of these lines believe that the consumer is blissful but ignorant. the bill will come soon enough even if there is no agreement. i say we solve the cliff and have a lot more to be
Current
Nov 26, 2012 7:00pm PST
that significantly reduces the power of the filibuster but harry reid has experienced 385 filibusters during his time. it is over -- overused and abused, so i think mcconnell better get over it. >> yeah, it seems like he is going to have to. he seems like he is resigned to be in the minority for a very very long time. we almost got through without mentioning mr. smith goes to washington, but i just blew it sorry. eleanor smith thank you so much. joe williams you'll stay with us, and we'll have a little bit of fun. coming from, the sports metaphors >>i jump out of my skin at people when i'm upset. >> why do we need a straw poll? i'll take a logical look at the situation. we're just getting started on a monday night. stick around. get irresistibly clean and fresh carpets in your home with resolve deep clean powder. the moist powder removes three times more dirt than vacuuming alone while neutralizing odors for a clean you can see, smell and really enjoy. don't just vacuum clean. resolve clean. right by those who gave their lives to for this country nearly 70 years ago. >> you'r
CNN
Nov 27, 2012 1:00pm PST
. >> and wolf, just moments ago, the senate majority leader harry reid released a statement, very, very direct and pretty critical of those republican senators who were critical of susan rice. really defending susan rice, and he was talking about the republican senators saying the election is over. it's time to drop these partisan political games and focus on the real challenges facing the nation. he said that these attacks on susan rice are unfounded and they don't jive with reality. i can tell you that senator joe lieberman who is the chairman of the homeland security committee came out of a separate meeting with rice and said he he found her answers satisfying and he would vote for her for secretary of state if he was voting. >> thanks very much, dana bash. with that looming on capitol hill, the looming battle over the so-called fiscal cliff. >> there's a lot going on. a lot of battles going on. specifically on capitol hill, that's for sure. lawmakers have just 35 days to reach a debt reduction deal. otherwise, huge spending cuts and steep tax hikes will automatically take effect and affect
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